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lexam vg gold inc (LEX) Details

Lexam VG Gold Inc. engages in the exploration and development of mineral properties primarily in Ontario, Canada. It focuses on gold properties. The company’s principal projects comprise the Buffalo Ankerite property that consists of 49 patented claims located to the southeast of Timmins in northeastern Ontario; and the Fuller property, which comprises 13 patented mining claims covering an area of approximately 210.2 hectares in Tisdale Township. Its principal projects also include the Paymaster Property that includes 15 patented mining claims in Tisdale Township, Ontario; the Davidson Tisdale property, which consists of 10 patented claims in the north eastern quadrant of Tisdale Township, Timmins; and Teefy Property, a 100% mining rights interest in 92 claims covering an area of 3,637 acres in Teefy Township. Lexam VG Gold Inc. is headquartered in Toronto, Canada.

lexam vg gold inc (LEX) Top Compensated Officers

lexam vg gold inc (LEX) Key Developments

Lexam VG Gold Inc., Annual General Meeting, May 05, 2015

Mar 5 15

Lexam VG Gold Inc., Annual General Meeting, May 05, 2015., at 16:00 US Eastern Standard Time. Location: 150 King Street West. Agenda: To receive and consider the audited consolidated financial statements of the Corporation, for the financial year ended December 31, 2014, and the report of the auditors thereon; to elect a Board of Directors for the ensuing year; to appoint KPMG LLP as Auditors for the ensuing year at remuneration to be fixed by the directors; and to transact any such other business as may properly be brought before the Meeting or any adjournments thereof.

SGX Resources Inc. announce that it has entered into an agreement with Lexam VG Gold Inc. to sell its 31.5% interest in its Davidson Tisdale property and its 100% interest in its North Tisdale Property to Lexam. The Davison Tisdale Proprety and the North Tisdale Property are located in the Timmins gold district. The aggregate consideration to be paid to SGX for these claims consists of a cash payment of $130,000 and the forgiveness of certain amounts owing by SGX to Lexam for development work on such properties. The sale is subject to a satisfactory due diligence review by Lexam regarding the claims and certain other standard conditions. It is anticipated that the sale of the claims will be completed within the next month.

Lexam VG Gold Inc. announced a strategic property acquisition in the prolific Timmins gold district. The company has increased its ownership of the Davidson Tisdale property to 100% from 68.5% and added key adjoining mineral claims. This acquisition provides Lexam VG with an enhanced exploration opportunity in one of the large and most productive gold districts in the world.

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